Do you need to cover a debt or fund a purchase and do not have the means to do so? Are you in need of quick cash and can’t find a reliable place to get it?
This article gives you first-hand information about the Stanbic IBTC Bank Plc instant loans without collateral. These loans, however, are for individuals who meet the requirement and are eligible based on the organization’s policies concerning those applying for loans.
Most loan organizations give out loans with huge collateral. However, the management of Stanbic IBTC has made it so that qualified individuals can apply for loans with 0% collateral.
This article will walk you through the application process and see how easy it can be to apply for a Stanbic IBTC loan.
Article Road Map
- About Stanbic IBTC
- Stanbic IBTC Bank PLC Instant Loans
- The Stanbic IBTC Loan Types
- Eligibility and Qualification
- How To Apply For Stanbic IBTC Loan
- How To Repay Stanbic IBTC Loan
About Stanbic IBTC
Recognized as a financial service holding company in Nigeria with work diversification in Stock brokerage, investment Advisory, Asset management, banking, investor services, life insurances, and trustees.
Stanbic IBTC’s corporate headquarter is located at Walter Carrington Crescent, Victoria Island, Lagos. Stanbic IBTC Holdings is also a member of the Standard Bank Group, a financial services giant based in South Africa.
Standard Bank is Africa’s largest banking group ranked by earnings and assets and is operating in 20 African countries and 13 countries outside Africa.
Stanbic IBTC Holdings PLC came into existence as a result of the merger between Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc in 2007, then adopted a strong company structure in 2012.
It helped them comply with the revised regulatory framework advised by the Central Bank of Nigeria, requiring banks to either divest from non-core banking financial services or adopt a holdings company structure.
Stanbic IBTC Bank PLC Instant Loans
They are generally a quick and straightforward way to secure the funding needed and are usually provided over a fixed period. Stanbic IBTC loans can be capital/principal repayment or interest-only and can be structured to meet the business’s needs.
For businesses seeking to purchase business premises, commercial mortgages are widely available and generally offer flexible terms. Stanbic IBTC loans can be short-term or long-term, depending on the purpose of the loan.
Whether a personal loan or not, the Stanbic IBTC loan helps you cover the total expenses of your work plan with little hassle. The benefit of this plan is that Stanbic IBTC gives you the time you need for repayment with no disturbances and hassles.
Other Stanbic IBTC Benefits
- Security: The loans and reliable and come with good repayment plans.
- Simplicity: You are free to select the loan that best suits you and watch it paid directly to your bank account.
- Flexibility: You are free to choose the repayment terms that suit you best
- Affordability: Simple competitive interest rate
The Stanbic IBTC Loan Types
Personal School Fees Loan
A personal school fees loan is an unsecured personal loan with zero collateral, targeted at meeting the financial needs of parents and guardians looking to pay the school fees for their children or ward in any tier of the education system in Nigeria.
The home loan gives you the privilege to get the house of your dreams with the Stanbic IBTC Home Loan, a flexible home financing solution available to business owners and salaried individuals with monthly, quarterly, and biannual, and annual repayments options.
Vehicle and Asset Financing
With this loan plan, you have what it takes to purchase your dream car. Stanbic IBTC Vehicle and Asset Finance (VAF) is a mid-term facility customized for salaried and non-salaried customers to buy movable and immovable assets, such as motor vehicles and power generators.
Smart Loans give you up to N10M if you have mutual investment funds with Stanbic IBTC Asset Management. The loan can be accessed via the Stanbic IBTC Mobile App with no paperwork required.
Secured Term Loans
Get a short-term personal loan at a fixed monthly repayment amount to suit your lifestyle needs, such as medical, house rent, car maintenance, school fee, and wedding, and pay it off at a time you feel comfortable with.
Our unsecured personal loan is a medium to long-term loan and gives you access to funds to meet your personal needs such as household equipment, Educational expenses, car maintenance, and house rent at any time with a flexible payment plan.
Eligibility and Qualification
To qualify for a Stanbic IBTC loan, you must have an active account with Stanbic IBTC, at least a year old. You must also be above the age of 18 and below 59 to access these loans. You must also have no history of fraud or dud cheques. Ultimately, your credit reports must be satisfactory.
How To Apply For Stanbic IBTC Loan
Follow the steps below to apply for a Stanbic IBTC loan:
- Firstly, for ease of application, start by dialing *909*44# or log in to your personal Stanbic IBTC mobile application, enterprise online, or internet banking and select Request to request cash.
- Supply all the requested details. This must include the amount you intend to borrow and the period of repayment.
- A credit evaluation is carried out to confirm if you are qualified. If successful, Stanbic IBTC would present you with an applicable interest based on your present risk score and loan duration.
- Read through the loan details, and okay it if you are in total agreement. You must know that the terms approved for an automatic debit will be taken when the loan is due.
- Upon accepting the terms, your account will then be credited immediately.
Note: This can also be made possible when you visit any Stanbic IBTC bank branch closest to you, and the full detail and processes will be presented to you by bank personnel. You must have all the necessary documents and identification.
The advantages of Stanbic IBTC loans are the fact that you have;
- Access to up to 5 million instant loan
- Easy repayment period that is spread across 6 to 12 months
- An interest rate of 2.5% each month
How To Repay Stanbic IBTC Loan
Repayment is very easy and not an active task that you perform. Once the loan term elapses, you would get a message containing your outstanding payment, and then your account would be debited. Simply ensure that you have the complete amount in your account on the payment day to pay back.
You can also make your payment by visiting the branch where you applied for the loan, and all proper procedures will be duly conducted and all paperwork processed.
However, you can also choose to pay back before the due date. To do this, reach out to your relationship manager or call 07003333333.
Applying for a Stanbic IBTC Bank Plc Instant Loans Without Collateral is easy. With proper qualification and eligibility, you too can apply for this loan and get it in minutes. Do you need funding for something really important? Contact Stanbic IBTC today.